A Broad Analysis of the “Worldwide Multiple Sclerosis Treatment market “methodology of the leading organizations in the exactness of import/export utilization, industry activity figures, cost, value, revenue and gross edges.
Global Multiple Sclerosis Treatment Market – Synopsis
As per Market Research Future (MRFR)’s new study, the Global Multiple Sclerosis Treatment Market is expected to strike a steady CAGR of 3.5% during the forecast period 2017 to 2023.
Although the market is poised to enter a phase of maturity, the intensified need for better treatment options is likely to boost the market growth in the upcoming years.
An upsurge in the patient pool suffering from multiple sclerosis has been witnessed in the recent times. It is projected to have a favorable impact on the expansion of the multiple sclerosis treatment market as the trend is likely to perpetuate in the foreseeable future.
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Furthermore, the rising geriatric population is also projected to accelerate the revenue creation for the market participants.
The major factor responsible for holding the market growth is the significant gap prevailing between early diagnosis and the initiation of therapy. However, it has paved the way for catalyzed research & development activities which is profitable for the proliferation of the multiple sclerosis treatment market.
Global Multiple Sclerosis Treatment Market – Competitive Dashboard
Bayer Healthcare (Germany)
Teva Pharmaceuticals (Israel)
Pfizer Inc. (US)
Sanofi Aventis (France)
Biogen Idec (US)
Global Multiple Sclerosis Treatment Market – Segmentation
By drug type, the global multiple sclerosis treatment market is segmented into immunomodulators, immunosuppressant, and others.
By the route of administration, the multiple sclerosis treatment market has been segmented into injectable, oral, and others.
By diagnosis, the global multiple sclerosis treatment market is segmented into Magnetic Resonance Imaging (MRI) scans, simple electrical stimulation tests, and lumbar puncture and others.
By end-users, the multiple sclerosis treatment market has been segmented into hospitals, clinics, and others.
Global Multiple Sclerosis Treatment Market – Regional Insights
The multiple sclerosis treatment market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas hold a significant share of the global market and is projected to expand at a raid pace over the next couple of years.
The factors responsible for contributing towards the proliferation of multiple sclerosis treatment market include development of the healthcare sector, increased research & development initiatives for better treatment, rising patient pool, high concentration of the major hospitals, and convenient reimbursable policies.
Furthermore, the large-scale penetration of healthcare facilities in the country-level markets such as Canada and the U.S. are prognosticated to favor the expansion of the multiple sclerosis treatment market in the region.
Europe is the second largest market for multiple sclerosis globally. The growth of the region can be ascribed to increasing healthcare penetration and flourishing healthcare sector. The major country-level markets that are estimated to contribute primarily towards the growth of the regional market are Germany and France.
Asia Pacific is an important growth pocket and is projected to market the highest CAGR owing to the presence of huge patient population, growing penetration of healthcare industry, etc. Meanwhile, the Middle East & Africa is expected to grow steadily in the forthcoming years.
Global Multiple Sclerosis Treatment Market – Industry News
In October 2018, DxTerity, a molecular information and diagnostics company, announced that the data from multiple sclerosis (MS) and systemic lupus erythematosus (SLE) will be presented at ACR/ARHP Annual Meeting in Chicago, IL.
In November 2018, BrainStorm Cell Therapeutics Inc., an established developer of autologous adult stem cell therapeutics, has applied with U.S. Food and Drug Administration (FDA) for initiating the second phase of NurOwn®, for patients with progressive multiple sclerosis (MS).
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In November 2018, Shilpa Medicare, India, announced that it has received tentative approval from the U.S. health regulator for Dimethyl Fumarate for the treatment of relapsing forms of multiple sclerosis.
In November 2018, Glenmark Pharmaceuticals, India, has received approval from the U.S. health regulator for Teriflunomide tablets. The medicine is used for the treatment of multiple sclerosis (MS).
In November 2018, researcher from University of Queensland and Royal Brisbane and Women’s Hospital (RBWH) has formulated a clinical research of new cellular immunotherapy for multiple sclerosis (MS) that targets Epstein-Barr virus (EBV).
Major Points form TOC for Multiple Sclerosis Treatment Market Research Report – Forecast to 2023
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Multiple Sclerosis Treatment Market, By Type
Chapter 7. Global Multiple Sclerosis Treatment Market, By Treatment
Chapter 8 Global Multiple Sclerosis Treatment Market, By End User
Chapter 9. Global Multiple Sclerosis Treatment Market, By Region
Chapter 10 Company Landscape
Chapter 11 Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13 Appendix
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